Intel names Stuart Pann as Intel Foundry Services head
Intel Corp. (Nasdaq: INTC) has named Stuart Pann senior vice president and general manager of Intel Foundry Services (IFS), Intel’s commercial foundry business. Pann will report to Intel CEO Pat Gelsinger. He replaces Dr. Randhir Thakur, IFS’s first general manager, who resigned from the position in November 2022 and will leave Intel at the end of March.
In his new role, Pann will be responsible further development of IFS, which Intel recast as a potential competitor to companies like TSMC in 2021. IFS offers wafer fabrication as well as packaging, chiplet standards, and software leveraging capacity based in U.S. and Europe.
“The industry is responding well to our systems foundry approach and we’re seeing strong momentum, including the recent announcement of a significant cloud, edge, and data center solutions provider as a customer for our upcoming Intel 3 process,” said Gelsinger. “With deep expertise in capital and capacity strategies, supply chain management, and sales and operations planning across internal and external manufacturing, Stuart is an ideal leader to accelerate this momentum and drive long-term growth for IFS.”
Pann was previously senior vice president, chief business transformation officer and general manager of Intel’s Corporate Planning Group. Intel credits him with establishingd the company’s IDM 2.0 Acceleration Office to guide the implementation of an internal foundry model. The model sees placing Intel business units on similar economic footing as external IFS customers, as well as eliminating legacy costs and providing more transparency on the company’s financial execution. As general manager of IFS, Pann will continue with that that effort while representing the interests of IFS and its customers with Intel’s Technology Development and Manufacturing, Supply Chain, and Operations organizations.
“Intel Foundry Services is a critical pillar of our IDM 2.0 strategy, and it’s been exciting to watch it grow from an idea to an operating business with a world-class IP portfolio and significant customers in less than two years,” Pann commented. “I am committed to championing the interests of our foundry customers and to helping them take advantage of Intel’s leading-edge process technology and full stack of open systems foundry offerings so they can succeed in a world that demands ever more computing.”
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Stephen Hardy | Editorial Director and Associate Publisher, Lightwave
Stephen Hardy is editorial director and associate publisher of Lightwave and Broadband Technology Report, part of the Lighting & Technology Group at Endeavor Business Media. Stephen is responsible for establishing and executing editorial strategy across the both brands’ websites, email newsletters, events, and other information products. He has covered the fiber-optics space for more than 20 years, and communications and technology for more than 35 years. During his tenure, Lightwave has received awards from Folio: and the American Society of Business Press Editors (ASBPE) for editorial excellence. Prior to joining Lightwave in 1997, Stephen worked for Telecommunications magazine and the Journal of Electronic Defense.
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